March 04, 2013

 

Press Release No. 1

Clarification by NHPC Limited

 

Significant price movement has been observed in NHPC Limited.

 

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

                                            

NHPC Limited has vide its letter inter-alia stated, "This is to inform you that as far as the fundamentals of the Company, there is no change which affects the major price movement. In our opinion , there is no issue in the Finance Bill which has any adverse effect on hydro sector."

 

 

Press Release No. 2

News about S. Kumars Nationwide Limited

 

The media had reports that S. Kumars Nationwide Limited may sell its stake in its subsidiary Reid and Taylor (India) Ltd.

 

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

 

S. Kumars Nationwide Limited has vide its letter inter-alia stated, "The Company is exploring various possibilities and avenues to raise funds for meeting its obligations and business needs. Since the essentials such as the methodology, quantum of fund raising etc., has not yet crystallised, we do not wish to comment anything further with respect to the news item in subject. Reid and Taylor (India) Ltd's  IPO, for which Reid and Taylor (India) Ltd had received approval of SEBI, was deferred owing to unconducive market conditions and dull economy. We assure you of keeping the stakeholders informed in a timely manner, of material developments/price sensitive information, if any, by making necessary disclosures."